Republican lawmakers from Tennessee were critical of the budget proposal released by President Barack Obama on Wednesday, saying it was overdue and failed to responsibly address unsustainable spending on entitlement programs.
In a statement, U.S. Sen. Lamar Alexander said a proposal to consider selling the Tennessee Valley Authority could cost taxpayers money.
“This is one more bad idea in a budget full of bad ideas,” Alexander said. “There is today no federal taxpayer subsidy for TVA, period. There is by law no federal taxpayer liability for TVA debt. And after deducting its debt, selling TVA would probably cost taxpayers money.” [Read more…]